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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −6.1% YoY. inventory, +10.1% YoY, is the number to watch.
The median listing price is down 6.1% YoY while the median home got down 7.5% bigger, so value per square foot is up 1.4%.
U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.
Renters hold 37.3% of this ZIP's 61,432 occupied households, on a median household income of $59K.
County population is down 0.0% to 373,713: residents under 18 are down 0.4% and those 65 and over are up 2.0%.
County median household income is $68K, 12.5% of residents are below the poverty level, 11.8% work from home.